Real Estate: Financial Considerations $$$

Written by Dan Auito


Continued from page 1

If you plan on building on your land, then having a development plan with an appraised set of blue prints forrepparttar project will helprepparttar 103893 lender in justifying your loan. If you can use equity from other property, then paying substantial down payments may also be an option.

Final words of caution here are to know values and don’t overpay. Always offer less when possible and research recent sales of comparable properties. The larger a parcel is,repparttar 103894 cheaper it tends to get per acre. Ask an agent what an acre of land tends to go for inrepparttar 103895 area that you are considering; try to buy more than one acre.

When buying residential lots, builders try to keep raw land costs down to 10 percent ofrepparttar 103896 overall value ofrepparttar 103897 project. If streets and utilities are already in place, then they will use 25 percent as their guideline. If you can combine or assemble parcels or achieve zoning changes with property, you have a good chance of immediately increasing its value.

Always physically inspectrepparttar 103898 property and do your research before obligating yourself to buy it. And try using contracts with contingencies put in to protect yourself. In essence, these are really options that let you controlrepparttar 103899 deal while you investigate and researchrepparttar 103900 land’s potential to satisfy your objectives. Happy Hunting and buyrepparttar 103901 high grounds!



By Dan Auito, magicbullets@alaska.com , http://www.magicbullets.com/home.php Dan has been a real estate investor for the past fifteen years & has bought, sold, and rented seventeen properties to date, totaling more than $1.3 million - all on a blue-collar salary before the age of forty.


How Can the Average Person Build Wealth in Real Estate?

Written by Dan Auito


Continued from page 1

“I don’t want to waste people’s time with philosophical tales of how I or someone else made it in real estate,” Auito said. “I want to give peoplerepparttar real facts so they have a clear understanding of how things are done.”

Money and finance play a critical role in real estate and this invaluable resource offers insight intorepparttar 103892 many financing alternatives available. The author describes insider tricks ofrepparttar 103893 trade for first-time buyer strategies, long-term investment planning, negotiation basics, lending guidelines, networking principles and more.

There is even a road map for dealing with setbacks along withrepparttar 103894 way. Problems, Auito explains, are only temporary.

“Simply proceed and take corrective action based on what causedrepparttar 103895 failure. Action cures fear!” He emphasizes.

He encourages readers to takerepparttar 103896 bull byrepparttar 103897 horns and wrestle withrepparttar 103898 problem torepparttar 103899 point that it can be overcome. Persistence and perseverance are key.

Auito promises that readers will be able to set their real estate goals and achieve them after reading this book. “I even offer a money-back guarantee,” he said. “People have absolutely nothing to lose and everything to gain.”

"Magic Bullets in Real Estate" is available online at: www.magicbullets.com/home.php & can be purchased in bookstores or by sending $19.95 (plus $4.95 shipping and handling) to BookMasters Inc., 30 Amberwood Parkway, Ashland, OH 44805. Call credit card orders to 1-800-247-6553; fax 419-281-6883.



By Dan Auito, magicbullets@alaska.com , http://www.magicbullets.com/home.php Dan has been a real estate investor for the past fifteen years & has bought, sold, and rented seventeen properties to date, totaling more than $1.3 million - all on a blue-collar salary before the age of forty.


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